JULY 3, 2012 — South Korean shipbuilding giant Hyundai Heavy Industries has won a $1.2 billion order from an undisclosed Greek shipowner [reportedly Lemos] to build ten 13,800 TEU containerships. Evergreen Marine will charter the megaships.

The containerships, measuring 368 m in length, 51 m in width, and 29.9 m in depth, are scheduled to be delivered from the second half of 2013 to the second half of 2014. The shipbuilder says the vessels will use 10 percent less fuel than existing similar class containerships.

An official at Hyundai Heavy said, “These orders are noteworthy considering the current sluggish shipbuilding market. With the extensive know-how and technology we have accumulated by building more than 500 containerships over the last 40 years, we will continue to build ships tailored to the needs of our clients and the market.”